Plato Learning

(TUTR)

said its fourth-quarter 2001 earnings were $1.5 million, or 8 cents a share, down from $3.7 million, or 30 cents a share, in the year-ago quarter. For the full fiscal year, the company earned $41 million, or 29 cents a share, excluding charges.

Revenue for the fourth quarter was $22.2 million, a 10% increase over fourth-quarter 2000 revenue of $20.2 million.

The interactive software company said its fourth-quarter results were negatively impacted by external factors, such as schools delaying new orders to focus on security issues. The results for the quarter fell within the company's lowered guidance, revised down on Nov. 20.

Shares of Plato Learning closed at $13.74 Tuesday on the Nasdaq.